Just as the World Bank has put out an entire research report about the economics of virtual gold farmers (they claim it's a $3 billion plus industry, and has substantial impact on developing economies), it appears that the FBI is taking an interest in the practice as well. Just last month, the FBI apparently raided a Michigan home in search of virtual World of Warcraft gold.Read more »
Dallas hedge-fund manager J. Kyle Bass helped advise the University of Texas Investment Management Co. on taking delivery of 6,643 gold bars, worth $991.7 million yesterday, that are stored in a bank warehouse in New York.Read more »
Taking a cue from Harry Browne, the firm responsible for managing the endowment that pays the bills for the University of Texas has invested nearly a billion dollars in gold bullion as a hedge against inflation. Board members specifically cited concern over the Federal Reserve's unreserved printing of paper dollars as a motivation for the purchase.Read more »
It seems the Utah state House is taking the advice of Texas U.S. Rep. Ron Paul, officially stamping gold and silver as legal tender.Read more »
Congressman Ron Paul (R-Texas) confronts Fed Chairman Ben Bernanke on monetary policy, and says that Fed policy has not helped to stabilize the economy over the last 30 years or so. Paul asks how the Fed can manage monetary policy if it doesn't have a definition for a dollar. And, he adds, gold is the true long-term measurement of value.Read more »
In a report published yesterday, GATA made the world aware of whistleblower Andrew Maguire, leading to lawsuits against JPMorgan and HSBC accusing them of illegally colluding to manipulate the silver market. Maguire had warned the U.S. Commodity Futures Trading Commission of manipulations to suppress the price of silver, but the CFTC had taken no action, so Maguire turned to GATA.Read more »
Gold Vending Machine!! Gold vending machine dispenses 24 karat coins and bars. Can dispense up to 250 grams in 1 gram increments.Read more »
With gold selling for more than $1,400 per ounce, officials remind the public that there are laws governing the buying and selling of gold, Pasadena police said in a written statement.
"The Pasadena Police Department would like to inform the public that buying gold is against the law unless you are licensed by the California Department of Justice," the statement said.Read more »
The Commonwealth of Virginia would begin minting its own gold and silver coins as an alternative currency to the U.S. dollar under a bill that Virginia Del. Bob Marshall says he will file in coming days.Read more »
"What makes Chappell Hill Bank stand out for Texas gun owners is a large sign in gold letters on the bank’s door.
Lawful Concealed Carry Permitted On These Premises Management recognizes the Second Amendment to the U.S. Constitution as an unalienable right of all citizens. We therefore support and encourage the carrying of licensed concealed weapons."
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